Hotel data breaches can have significant financial and reputational impacts on a brand, as evidenced by Marriotts $123 million GDPR fine. In the article below, Bob Braun, senior member of JMBMs Global Hospitality Group® and Co-Chair of the Firms Cybersecurity & Privacy Group, outlines the critical importance of data security for the hospitality industry.
Growth in hotel demand exceeded supply growth, both in November, and YTD, as evidenced by increases in both Guest Paid RevPAR and Occupancy.
From 29 December to 4 January, U.S. hotel occupancy climbed 0.3% to 49%, ADR rose 4% to $136.46 and RevPAR increased 4.3% to $66.84.
Canadian hotel occupancy fell 0.4% to 42.7% during the week of 29 December to 4 January, ADR dipped 0.3% to 166.14 Canadian dollars ($127.14) and RevPAR decreased 0.7% to CA$71.01 ($54.34).